Trade with an edge around todays Japan Balance of Trade news event

Past performance is not an indicator of future results.
Based on past Japan Balance of Trade news events there is a 80% chance of USDCAD trending downwards. We expect this to happen because the released value is < ¥-1011B. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

22 Jan 23:50
18 Dec 23:50
16 Aug 00:50
18 Jun 00:50

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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